美股市场于当地时间周一（12月29日）迎来2025年最后一周交易，三大股指全线收跌，其中科技股表现 疲软成为主要拖累。截至收盘，道琼斯工业平均指数下跌0.51%，纳斯达克综合指数下跌0.50%，标准 普尔500指数下跌0.35%。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 盘面上，大型科技股多数走低。特斯拉股价跌幅超过3%，英伟达跌逾1%，微软、亚马逊、Meta等公司 股价也出现小幅下跌。与此形成对比的是，苹果公司股价微幅上涨，英特尔则录得超过1%的涨幅。 本文源自：市场资讯 作者：观察君 当日市场的另一个焦点是贵金属板块的剧烈波动。在经历了前期大幅上涨后，白银、黄金等贵金属价格 出现显著回调，并拖累了相关矿业股票。哈莫尼黄金、泛美白银、金罗斯黄金等公司股价跌幅居前。 进入2025年最后一周，市场交易活动整体趋于清淡。尽管年内美股表现强劲，三大指数均有望实现连续 第三年录得两位数百分比涨幅，但部分投资者在年末选择获利了结。据美国芝商所集团公告，其在周一 收盘后全线上调了包括黄金、白银在内的多种金属期货交易的保证金要求。 本周经济数据发布较少，市场关注点集中在美 ...

来源：刘兴亮 责任编辑：杨赐 来源：刘兴亮 责任编辑：杨赐 ...

以下文章来源于创业邦出海进行时丨Going Global ，作者卷耳 《创业邦出海进行时》是创业邦推出的出海主题专栏，旨在记录中国公司开拓海外市场的足迹与思考， 沉淀全球化征程中的"术与道"。 创业邦出海进行时丨Going Global . 当 Meta 宣布收购 AI 初创公司 Manus 时，这笔交易很快在硅谷与亚洲创业圈同时引发关注。它不 仅意味着 Meta 在人工智能战略上的一次重要转向，也标志着一支 中国创始团队 ，凭借产品与商业 化能力，成功走入全球科技巨头的核心版图。 这是一家在短时间内完成 产品突破、规模化落地与全球化验证 的 AI Agent 公司。 据海外媒体报道， Manus利用 Anthropic 等公司的人工智能基础模型来驱动其智能代理（Agent)， 目前在新加坡、东京和旧金山共有 105 名员工，并计划很快在巴黎开设办事处。 一次被硅谷看见的产品突破 Manus 真正被外界注意到，是在 2025 年 3 月的一次产品预览中。 在那次演示里， Manus 展示了一款通用型 AI Agent：它可以根据简单指令，生成结构化、可交付的 研究报告，自动搭建定制化网站，并在多工具、多步骤的 ...

12月30日，硅谷科技巨头Meta宣布以数十亿美元完成对人工智能初创公司Manus的收购。这场仅耗时十余天的闪电交易，不仅创下Meta成立以来的第三大并 购纪录，更让这家由90后中国创业者主导的AI公司，成为全球科技圈瞩目的焦点。 据多方信源披露，此次收购谈判始于2025年12月中旬，Meta创始人扎克伯格亲自推动交易进程。真格基金合伙人刘元回忆称，谈判速度之快甚至让早期投 资人怀疑"是否为假offer"。最终，Meta以接近25亿美元的交易对价完成收购，仅次于其2014年190亿美元收购WhatsApp和2023年140亿美元投资Scale AI的规 模。 Meta计划将Manus技术深度整合至WhatsApp、Instagram等30亿用户生态。想象这样的场景：用户只需说"帮我规划巴厘岛旅行"，AI就能自动完成机票预订、 签证申请、日程同步的全流程。这种"端到端"服务，正是扎克伯格构建"超级智能"愿景的关键拼图。 2016年：肖弘在华中科技大学宿舍开发出浏览器插件Monica，通过GitHub开源社区积累首批用户 2022年：成立北京蝴蝶效应科技，推出AI助手Monica，在Product Hunt获得全 ...

Core Insights - Meta Platforms Inc. has agreed to acquire Manus, a Singapore-based startup known for its AI agent, as part of its strategy to enhance its AI capabilities and business model [1][2]. Group 1: Acquisition Details - Manus has an annual revenue run rate of $125 million and offers an AI agent through a subscription service, which could provide Meta with a quicker return on its AI investments [2]. - The financial terms of the acquisition have not been disclosed [2]. - Meta plans to continue operating and selling Manus' service while integrating its AI agents into its existing consumer and business products [5][6]. Group 2: Strategic Importance of AI - Meta's CEO Mark Zuckerberg has prioritized AI, committing billions to hire researchers, build data centers, and develop new AI models [2][4]. - The company is competing aggressively in the AI sector against rivals such as OpenAI, Google, and Microsoft, with plans to spend $600 billion on U.S. infrastructure projects over the next three years, many of which are expected to be AI-related [4]. - Meta's Chief AI Officer, Alexandr Wang, emphasized the potential for Manus to expand the reach of its AI agents, indicating a significant shift towards more capable AI technologies [7]. Group 3: Market Context - AI agents are increasingly being promoted by enterprise software companies as effective tools for businesses, contrasting with generative AI features like chatbots that require user prompts [5]. - The acquisition comes amid scrutiny of venture capital investments in AI companies with ties to China, highlighting geopolitical concerns in the tech industry [8].

截至收购前，其平台已处理超147万亿个token，创建超8000万台虚拟计算机，技术上以"能力溢出"挖掘 技术登顶RLI基准测试。 文 | 象先志 今早，Meta 完成了一项大收购，将智能体初创公司 Manus 收入麾下。 目前，双方交易的具体细节（包 括具体收购金额等）尚未公布。 这家曾植根中国、后迁至新加坡的AI智能体明星企业，其成长路径与最终归宿，精准折射出中国创业 者的机遇与困境。 对于正处在技术突围与全球化探索关键期的中国大模型创业公司而言，这场收购既是参照，也是警示。 从中国初创到巨头收购， Manus的转型与逆袭 2025年12月30日，Meta官宣完成对AI智能体公司Manus的收购，交易跻身其成立以来第三大收购案。 Manus的前身是成立于中国的北京蝴蝶效应科技有限公司，创始人肖弘为核心操盘者。 2023年8月，Manus在新加坡注册主体，早早埋下全球化布局的伏笔。 2025年3月产品正式上线，仅用8个月就实现1.25亿美元年化营收，成绩惊艳行业。 背后资本支持阵容强大，真格基金、红杉中国、腾讯等中美头部资本均有入局，估值从1400万美元飙升 至近5亿美元。 而这一切的前提，2025年7月， ...

Group 1 - The AI agent concept experienced a significant surge on December 30, with multiple companies such as Nanxing Co., Cuiwei Co., Zhenghe Ecology, and Hongying Intelligent reaching their daily limit up, while Kute Intelligent rose over 15% [1][2] - Meta, a major Silicon Valley tech giant, announced the acquisition of AI startup Manus, marking it as Meta's third-largest acquisition since its inception, although the specific acquisition amount was not disclosed [1][2] - Manus focuses on developing general-purpose AI agents to assist users in efficiently completing research, automation, and complex tasks, and has processed over 147 trillion tokens and created over 80 million virtual computers since its launch [1][2]

Core Viewpoint - Manus is set to be acquired by Meta, marking a significant recognition of Manus's work in the general AI agent field. This acquisition is Meta's third-largest in history, valued at several billion dollars, following its previous acquisitions of WhatsApp and Scale.ai [3][4]. Group 1: Acquisition Details - Manus has processed over 147 trillion tokens and created more than 80 million virtual computers since its launch [3]. - The acquisition aims to strengthen Manus's strategic position in AI applications, allowing for scalable and reliable systems to execute user tasks in real-world scenarios [3]. - Following the acquisition, Manus will continue to operate independently, with its CEO, Xiao Hong, becoming a Vice President at Meta [4]. Group 2: Market Context and Implications - The acquisition took only about ten days to finalize and serves as a significant encouragement for young entrepreneurs in the AI era [5]. - Prior to the acquisition, ByteDance had offered approximately $30 million for Manus, indicating the competitive landscape for AI startups [5]. - Manus was reportedly attempting to secure a new round of financing with an annual recurring revenue (ARR) exceeding $100 million [5]. Group 3: Industry Trends - The AI model landscape is transitioning from "unlimited data" to a "limited data" phase, emphasizing the importance of architectural and data innovations [6]. - By acquiring Manus, Meta aims to address its shortcomings in productization and commercialization within the general intelligence domain, although it does not resolve ongoing issues related to model performance and infrastructure [6]. - The acquisition reflects a shift in industry competition from foundational models to application-level capabilities [6]. Group 4: Strategic Insights - The acquisition is seen as a strategic move for Meta to enhance its general agent platform capabilities, with potential positive effects on its platforms like Facebook [7]. - Manus's strategy involves collaborating with major tech companies to integrate the best models, which may change post-acquisition as it aligns more closely with Meta's objectives [7].

Core Viewpoint - Meta Platforms is positioned as a promising dividend stock with significant long-term potential despite its current low dividend yield of 0.3% [3][10]. Dividend and Payout Ratio - Meta's quarterly dividend is $0.525 per share, leading to an annualized payout of $2.10, which results in a low payout ratio of 9%, indicating ample room for future dividend increases [3][5]. - The company has initiated dividend payments only recently, starting last year, and is expected to continue growing its dividend in the future [2][6]. Share Repurchases - In Q3, Meta returned approximately $1.3 billion in dividends and spent nearly $3.2 billion on share repurchases, with Q2 seeing almost $10 billion allocated for buybacks [7]. - The total shareholder yield, when factoring in share repurchases, is significant, even though the dividend yield remains low [7]. Business Growth - Meta's revenue for Q3 increased by 26% year-over-year to about $51.2 billion, showing an acceleration from the previous quarter's growth rate of 22% [8]. - The growth was driven by a 14% increase in ad impressions and a 10% rise in average price per ad [8]. Free Cash Flow - The company reported approximately $10.6 billion in free cash flow for Q3, which is crucial for supporting dividends and share repurchases [9]. Capital Expenditures and Future Outlook - Meta plans to invest $70 to $72 billion in capital expenditures in 2025, primarily for AI computing infrastructure, which may impact the pace of dividend growth in the near term [6][11]. - Management anticipates that capital expenditures will increase significantly in 2026 compared to 2025, indicating a focus on long-term growth strategies [11]. Valuation - Meta's shares are trading at a price-to-earnings ratio of 29, suggesting that while the stock is not overly expensive, it is also not cheap, necessitating continued rapid growth and successful investments in AI [12].

Group 1 - The acquisition of Manus by Meta amounts to several billion dollars, with Manus founder Xiao Hong set to become Meta's Vice President [1] - Manus's parent company, Butterfly Effect, was established in China in 2022 and later relocated to Singapore [1] - The core team of Manus includes Xiao Hong, Ji Yichao, and Zhang Tao, with backgrounds in technology and previous startups [1] Group 2 - Manus launched its universal intelligent agent product in March 2025, gaining significant attention [1] - The company raised $75 million (approximately 550 million RMB) in funding led by Benchmark, achieving a post-money valuation of nearly $500 million [1] - As of December 17, Manus reported an annual recurring revenue (ARR) exceeding $100 million, with total revenue run rate surpassing $125 million [2] Group 3 - Manus has maintained a monthly growth rate exceeding 20% since the release of its version 1.5 [2] - The company currently employs 105 people across Singapore, Tokyo, and San Francisco, with plans to open a new office in Paris [2]